The Trade and Development Bank recognized internationally, continues to earn prestigious accolades, being named Mongolia’s “Best Trade Finance Bank” for three consecutive years, including the 2013 award.
This esteemed award is presented annually by Global Trade Review (GTR), renowned as a global leader in trade finance trends. The selection process is regarded as one of the most impartial, conducted through surveys among banks and financial institutions worldwide to identify the best.
According to a 2012 study by the Bank of Mongolia, among the seven commercial banks providing trade finance services in Mongolia, TDB accounted for over 50% of the market share. Since its establishment in 1990, TDB has distinguished itself through its extensive experience and reliability in delivering trade finance products and services to its customers.
As of the end of 2012, 34 global banks had approved foreign trade finance loans totaling over USD 290 million for TDB. These funds, which can be used for foreign trade transactions with any country, provide significant support for Mongolian businesses involved in international trade.